Why price per square foot is not the best way to value real estate. One of the things you see quite often from real estate agents who don't know any better is putting great stock in using real estate price per square foot as a primary means of valuing homes. While price per square foot is something that should be taken into consideration there are many circumstances where it is a meaningless stat that hold very little correlation as a means of coming to an accurate real estate value.
See why real estate price per square foot is one of the most unreliable means of valuing property.